Bank of Nova Scotia Trust Co. Sells 23,117 Shares of CAE Inc. (NYSE:CAE)

Bank of Nova Scotia Trust Co. lessened its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 30.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,921 shares of the aerospace company's stock after selling 23,117 shares during the period. Bank of Nova Scotia Trust Co.'s holdings in CAE were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp raised its position in shares of CAE by 47.9% in the third quarter. Stifel Financial Corp now owns 99,802 shares of the aerospace company's stock valued at $1,871,000 after purchasing an additional 32,344 shares during the period. Geode Capital Management LLC raised its holdings in CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company's stock valued at $25,218,000 after acquiring an additional 103,081 shares during the period. Sanctuary Advisors LLC bought a new position in CAE in the 3rd quarter valued at about $453,000. Addenda Capital Inc. lifted its position in CAE by 0.5% during the fourth quarter. Addenda Capital Inc. now owns 398,803 shares of the aerospace company's stock worth $10,122,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of CAE by 4.1% in the fourth quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company's stock valued at $2,419,000 after purchasing an additional 3,741 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Price Performance

CAE stock traded up $0.60 during trading hours on Wednesday, reaching $24.05. 360,512 shares of the stock were exchanged, compared to its average volume of 569,264. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a market cap of $7.70 billion, a P/E ratio of -46.25, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. The stock has a 50 day moving average of $24.14 and a two-hundred day moving average of $22.90.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Equities analysts expect that CAE Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CAE has been the subject of several research reports. National Bank Financial cut CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. The Goldman Sachs Group raised their price target on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $32.00.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.